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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+9.9%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$982M
AUM Growth
+$249M
Cap. Flow
+$175M
Cap. Flow %
17.78%
Top 10 Hldgs %
10.63%
Holding
913
New
10
Increased
394
Reduced
3
Closed
9

Top Buys

Rank Stock Value
1
GPOR
Gulfport Energy Corp.
GPOR
+$1.39M
2
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$1.35M
3
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$1.31M
4
MAA icon
Mid-America Apartment Communities
MAA
+$1.28M
5
BFH icon
Bread Financial
BFH
+$1.27M

Top Sells

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$1.98M
2
AME icon
Ametek
AME
+$1.51M
3
NVE
NV ENERGY, INC
NVE
+$914K
4
DELL
DELL INC
DELL
+$669K
5
NYX
NYSE EURONEXT INC
NYX
+$340K

Sector Composition

Rank Sector Weight
1 Financials 14.87%
2 Industrials 13.6%
3 Technology 13.19%
4 Healthcare 10.94%
5 Consumer Discretionary 9.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.45T
$17.6M 1.79%
876,400
– –
XOM icon
2
ExxonMobil
XOM
$657B
$15.1M 1.54%
149,000
– –
GOOG icon
3
Alphabet (Google) Class C
GOOG
$4.19T
$9.97M 1.02%
357,334
– –
GE icon
4
GE Aerospace
GE
$382B
$9.71M 0.99%
72,301
– –
MSFT icon
5
Microsoft
MSFT
$3.74T
$9.4M 0.96%
251,100
– –
JNJ icon
6
Johnson & Johnson
JNJ
$626B
$8.52M 0.87%
93,000
– –
CVX icon
7
Chevron
CVX
$386B
$8.08M 0.82%
64,700
– –
JPM icon
8
JPMorgan Chase
JPM
$962B
$7.46M 0.76%
127,500
– –
WFC icon
9
Wells Fargo
WFC
$264B
$7.41M 0.75%
163,300
– –
PG icon
10
Procter & Gamble
PG
$338B
$7.41M 0.75%
91,000
– –
BRK.B icon
11
Berkshire Hathaway Class B
BRK.B
$1.11T
$7.21M 0.73%
60,800
– –
PFE icon
12
Pfizer
PFE
$152B
$6.86M 0.7%
236,096
– –
IBM icon
13
IBM
IBM
$225B
$6.55M 0.67%
36,505
– –
T icon
14
AT&T
T
$168B
$6.43M 0.66%
242,292
– –
BAC icon
15
Bank of America
BAC
$448B
$5.62M 0.57%
360,600
– –
C icon
16
Citigroup
C
$228B
$5.28M 0.54%
101,300
– –
KO icon
17
Coca-Cola
KO
$372B
$5.28M 0.54%
127,700
– –
MRK icon
18
Merck
MRK
$322B
$5.04M 0.51%
105,534
– –
AMZN icon
19
Amazon
AMZN
$2.94T
$4.83M 0.49%
242,000
– –
PM icon
20
Philip Morris
PM
$290B
$4.78M 0.49%
54,900
– –
ORCL icon
21
Oracle
ORCL
$419B
$4.71M 0.48%
123,100
– –
VZ icon
22
Verizon
VZ
$196B
$4.68M 0.48%
95,200
– –
DIS icon
23
Walt Disney
DIS
$179B
$4.6M 0.47%
60,200
– –
CMCSA icon
24
Comcast
CMCSA
$91B
$4.57M 0.47%
176,000
– –
WMT icon
25
Walmart Inc
WMT
$901B
$4.37M 0.44%
166,500
– –
1
2 3 4 5

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Axiom Investors Greenwich, Connecticut $8.99B AUM 44.68% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
LCAM
London & Capital Asset Management London, United Kingdom $9.18B AUM 25.04% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q4 2013 Portfolio in Review

As of Q4 2013, Municipal Employees' Retirement System of Michigan held 913 positions worth $982M, up 34% from $733M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $175M of net new capital in Q4 2013, opening 10 new positions and adding to 394 existing holdings. Its largest new stake was Gulfport Energy Corp.: 23,000 shares worth $1.45M.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Vertex Pharmaceuticals, an estimated $1.98M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q4 2013 buy was Gulfport Energy Corp.: 23,000 shares worth $1.45M.
  • Municipal Employees' Retirement System of Michigan added most to Bread Financial in Q4 2013, an estimated $1.27M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2013 reduction was Vertex Pharmaceuticals, cutting an estimated $1.98M.
  • Municipal Employees' Retirement System of Michigan fully exited NV ENERGY, INC in Q4 2013, selling an estimated $914K.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 11% of its $982M portfolio in Q4 2013.
  • Municipal Employees' Retirement System of Michigan opened 10 new positions and closed 9 in Q4 2013.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 34% quarter-over-quarter to $982M.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2013, filed 10 Feb 2014.